Ace Pickleball Club Leases 26500 Square Feet At Brunswick Shopping Center In North Brunswick
512 Milltown Road
Building Size
26,500 SF
Asset Type
Retail
Closing
Apr 3, 2026
AI
The asset involved in this transaction is a retail space located at 512 Milltown Road in North Brunswick, covering an area of 26,500 square feet. The property is part of the Brunswick Shopping Center, which has a total size of 288,000 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 512 Milltown Road
- Market: North Brunswick
- Tenant: Ace Pickleball Club
- Landlord's Representative: Fred Younkin - LEVIN Management
- Tenant's Representative: Marta Villa - CBRE
The deal was facilitated by Fred Younkin representing the landlord, while tenant representation was provided by Marta Villa. Ace Pickleball Club has established a new facility offering memberships, private events, and corporate outings.
Players
North Brunswick Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93